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Bitcoin: Analyst Rules Out Fresh Lows | Flash News Detail | Blockchain.News
Latest Update
6/1/2026 11:38:00 PM

Bitcoin: Analyst Rules Out Fresh Lows

Bitcoin: Analyst Rules Out Fresh Lows

Bitcoin at $71504.45 shows no new lows per @RhythmicAnalyst, with oversold RSI(14) at 28.93 clashing against EMA50 resistance at $74262.21.

Source

Analysis

Bitcoin closed May at $73568 yet @RhythmicAnalyst sees no fresh lows in the current setup, directly countering PlanB’s >50% odds of a break below the 200-week MA at $61k. Price sits at $71504.45 inside the Bollinger band with lower support at $71469.85 while the bearish MACD death cross at -710.37 and EMA50 at $74262.21 cap upside; the deeply oversold RSI(14) of 28.93 now points to exhaustion that typically precedes consolidation rather than continuation lower, shaping near-term BTC price prediction and Bitcoin technical analysis for traders watching crypto market volatility into June 2026.


Mihir

@RhythmicAnalyst

Crypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.